Meta Growth Corporation ($META) announced it filed a Management Information Circular (MIC) on its’ proposed sale to High Tide ($HITI).
At best, these can signal where management’s mind is at. At the least, they signal what management believes will be the right sales pitch to shareholders.
In this case, $META makes a case for the sale to shareholders….and that case is based upon 4 reasons:
It translates to: we were blindfolded and facing a wall with no options.
If this is the case, then the $YSS and Westleaf’s and $ISH’s of the world are probably staring down the same barrel ($YSS might be an exception, they’re operating almost like a private company).
Not much to look at, nor terribly surprising. But when an outfit with bricks and mortar in a legal environment and sales is so unattractive to capital………it implies that consolidation will be fast, it will be impolite, and it will be curt.
The preceding is the opinion of the author, and is in no way intended to be a recommendation to buy or sell any security or derivative. The author holds no position in $META, but will if this deal closes.